The following exchange rates have been used in the translation of the results of foreign operations:

Average rate for
2016
Closing rate at
30 June 2016
Average rate for
2017
Closing rate at
30 June 2017
Danish Krone10.01629.00108.69018.4571
Euro1.34321.20991.16811.1372
US Dollar1.48701.34331.27351.2978